How to find a mentor

Going at it alone isn’t easy when starting a business. A good mentor can provide answers, inspiration and encouragement, but how do you find someone willing to help? Our experts weigh in:

Where do I start looking for a mentor?

Figure out what kind of advice you want. What’s the specific output for you and what kind of expertise, time, etc. do you need from a mentor/advisor to get that output? Then network your butt off – friends, family, colleagues, ex-teachers, LinkedIn, etc. MaRS also has advisors.

— Noah Godfrey, founder at GigParkShould I have more than one mentor?

I have many mentors. I try to have mentors in many different disciplines, and mentors to whom I can provide something to as well.

— Micah Baldwin, founder at Graphic.ly

Will I have to give up equity?

Just having an advisor to whom you can ask questions periodically, maybe 0.25% to 1%. The best is a mentor who puts in their own money. That shows a true interest in your company.